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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.000001000-99.0%Jun 3 1:07 PM EST

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To: Claude Cormier who wrote (8967)2/7/1999 3:09:00 PM
From: KMT  Read Replies (2) of 25548
 
Claude:

1) Financing was done through a PP to some major shareholders.

2) Advances to subsidiaries are funds advanced to Sierra La Plata, a subsidiary of MDIN which operates in Chili. I believe most of the expenses in Chili for exploration/development of the properties are incurred by Sierra La Plata.

3) Mike Gold answered #3 for you I believe.

4) I disagree with your premise. I don't think a market cap of $4MM was even close to fair market value in December. Nor do I think we're at fair market value now based on current assets, proven or not. Call IR and get your hands on the Tenney report if you can.

KMT

P.S. Here are a couple of additional links for help on your DD.

Subject 22738
medinahenergy.com
people.ce.mediaone.net
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